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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 13,344 $ 122,567
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from discontinued operations, net (6,849) (122,109)
Deferred income taxes 23,123 (2,187)
Depreciation, depletion and amortization 4,635 6,597
Equity in loss of joint ventures 1,282 36
Gain on sale of equipment and property (657) (19)
Stock-based compensation 206 1,169
Realized gain on available for sale investments (591) 290
Net changes in operating assets and liabilities:    
Accounts receivable (355) (123)
Deferred costs and other assets (922) (909)
Accounts payable and accrued liabilities (1,252) 673
Income taxes payable and receivable (17,335) 940
Other long-term liabilities 2,148 (1,943)
Net cash provided by operating activities of continuing operations 16,777 4,982
Net cash used in operating activities of discontinued operations (1,756) (46,642)
Net cash provided by (used in) operating activities 15,021 (41,660)
Cash flows from investing activities:    
Investments in properties (9,360) (5,729)
Investments in joint ventures (16,226) (7,160)
Purchases of investments available for sale (36,941) (313,306)
Proceeds from sales of investments available for sale 89,260 121,161
Proceeds from the sale of assets 8,405 77
Cash held in escrow (6,532) (33,937)
Net cash provided by (used in) investing activities of continuing operations 28,606 (238,894)
Net cash provided by investing activities of discontinued operations 11,525 340,744
Net cash provided by investing activities 40,131 101,850
Cash flows from financing activities:    
Distribution to noncontrolling interest (1,086) (765)
Repayment of long-term debt 0 (1,552)
Repurchase of Company Stock (7,714) 0
Exercise of employee stock options 347 1,231
Net cash used in financing activities of continuing operations (8,453) (1,086)
Net cash used in financing activities of discontinued operations 0 (28,846)
Net cash used in financing activities (8,453) (29,932)
Net increase in cash and cash equivalents 46,699 30,258
Cash and cash equivalents at beginning of year 22,547 4,524
Cash and cash equivalents at end of the period $ 69,246 $ 34,782